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In addition to supplying Cavmont Bank with an IT solution, ITS will also provide training to the banks staff, so they can get the most out of ETHIX Net solutions. They will also assist with any future web-based solutions, particularly with the expansion and cooperation with neighbouring Southern African Development Community (SADC) countries.
-ENDSAbout ITS Group Founded in 1981, the ITS Group is a leading solution provider for both Islamic and conventional banks. ITS has been ranked as one of the top three companies worldwide that are considered T1 Islamic Solutions providers. The ITS ETHIX financial solutions are a certified Islamic Finance Module and comply with AAOIFI standards. ITS is also the only company globally to convert banks from conventional to Islamic systems, as noted in the Gartner Report of July 2010. For more information, please visit www.its.ws. About Cavmont Bank Cavmont Bank Ltd (CBL) is a Registered Commercial bank in Zambia with approximately 20,000 clients and 206 employees. The bank was established on 1 January 2004, following a merger between Cavmont Merchant Bank Ltd, (inc. October 1992), and New Capital Bank Plc., (inc. June 1992). Cavmont Bank has 15 branches located in Lusaka (5), Chingola, Ndola, Kitwe, Mbala, Mpulungu, Solwezi, Chipata, Kasama, Mansa and Mufumbwe. For media requests, please contact: Phone +971 (4) 4472501 Email: team@tcf-me.com P.O. Box 29764, Dubai, United Arab Emirates Fax +971 (4) 447 2505